Broadcom Stock May Drop Sharply Following Results
AVGOBroadcom(AVGO) Seeking Alpha·2024-09-04 00:30

JHVEPhotoBroadcom (NASDAQ:AVGO) will report its fiscal third quarter earnings after the market closes on Sept. 5. Analysts are forecasting a 15% y/y increase in earnings per share to 1.22,alongsideasignificant461.22, alongside a significant 46% y/y growth in revenue, bringing the total to approximately 13 billion. However, it’s important to note that the growth in Broadcom’s Semiconductor Solutions segment is expected to be relatively modest, with an anticipated increase of just 7% y/y, reaching $7.4 billion. The company’s AI seg ...